Question: bao your assignment in Moodle before the due The assignment must be typed use Arial font, 12, to avoid plagiarism, make sure you do proper

 bao your assignment in Moodle before the due The assignment must

bao your assignment in Moodle before the due The assignment must be typed use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, a WORD format file soft cops to Please ensure you provide your ID numbers and full name at the first page. Late assignments will be penalised. 5oof total available ma 7 9 Assignment Question 10 Nina Ltd purchased 99% of the issued shares of Carl Ltd for $2141000 on 1 July 2018 when the equity of Carl Ltd was as follows; 11 12 Share capital 13 Asset revaluation surpluss 14 Retained earnings 321150 856400 642300 At this date, Carl Ltd had not recorded any goodwill, and all identifiable assets and liabilities were recorded at fair value except for th 15 Further Fair value life(Yzars) $70,600 $177,000 $239,000 5 Carrying Account Cost 16 Amount 17 Inventories $64,200 18 Land $161,000 19 Furniture $248,750 $199,000 Carl Ltd identified at acquisition date a contingent liability related to 20 a lawsuit where Carl Ltd was sued by a former supplier Carl Ltd had unrecorded and internally generated Patent with the 21 FairValue of: Carl Ltd had unrecorded and internally generated in-process 22 Iresearch and development with the FairValue of: $26,000 $64,000 $48.000 bao your assignment in Moodle before the due The assignment must be typed use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, a WORD format file soft cops to Please ensure you provide your ID numbers and full name at the first page. Late assignments will be penalised. 5oof total available ma 7 9 Assignment Question 10 Nina Ltd purchased 99% of the issued shares of Carl Ltd for $2141000 on 1 July 2018 when the equity of Carl Ltd was as follows; 11 12 Share capital 13 Asset revaluation surpluss 14 Retained earnings 321150 856400 642300 At this date, Carl Ltd had not recorded any goodwill, and all identifiable assets and liabilities were recorded at fair value except for th 15 Further Fair value life(Yzars) $70,600 $177,000 $239,000 5 Carrying Account Cost 16 Amount 17 Inventories $64,200 18 Land $161,000 19 Furniture $248,750 $199,000 Carl Ltd identified at acquisition date a contingent liability related to 20 a lawsuit where Carl Ltd was sued by a former supplier Carl Ltd had unrecorded and internally generated Patent with the 21 FairValue of: Carl Ltd had unrecorded and internally generated in-process 22 Iresearch and development with the FairValue of: $26,000 $64,000 $48.000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!